Equitable Holdings, Inc. (NYSE:EQH) Insider Nick Lane Sells 25,000 Shares

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,291,250.00. Following the completion of the transaction, the insider now directly owns 121,629 shares of the company’s stock, valued at approximately $6,282,137.85. The trade was a 17.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Nick Lane also recently made the following trade(s):

• On Wednesday, December 18th, Nick Lane sold 25,000 shares of Equitable stock. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00.

Equitable Stock Up 0.3 %

NYSE:EQH opened at $51.70 on Friday. The company has a market cap of $16.20 billion, a price-to-earnings ratio of -47.43 and a beta of 1.39. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The stock’s fifty day moving average price is $47.86 and its two-hundred day moving average price is $44.17. Equitable Holdings, Inc. has a 52-week low of $31.76 and a 52-week high of $52.04.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 earnings per share. On average, analysts anticipate that Equitable Holdings, Inc. will post 6.04 EPS for the current year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s dividend payout ratio is -88.07%.

Analysts Set New Price Targets

EQH has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods upgraded shares of Equitable from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $54.00 to $58.00 in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Barclays boosted their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped their price target on Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and a consensus target price of $52.18.

Institutional Investors Weigh In On Equitable

A number of institutional investors and hedge funds have recently modified their holdings of EQH. MQS Management LLC acquired a new stake in Equitable during the 3rd quarter worth $587,000. JPMorgan Chase & Co. increased its holdings in Equitable by 20.3% in the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock valued at $38,191,000 after purchasing an additional 153,457 shares during the last quarter. Maverick Capital Ltd. lifted its stake in Equitable by 230.0% in the second quarter. Maverick Capital Ltd. now owns 36,840 shares of the company’s stock valued at $1,505,000 after buying an additional 25,678 shares during the period. Principal Financial Group Inc. boosted its holdings in Equitable by 7.5% during the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock worth $89,001,000 after buying an additional 148,180 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Equitable by 55.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,759 shares of the company’s stock worth $2,564,000 after buying an additional 22,346 shares during the period. 92.70% of the stock is owned by institutional investors.

About Equitable

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.